Exchange Rate Steady
For the first time in
almost a week the dollar
exchange rate remain
level on Thursday
following the
intervention of the
Banco Central de Costa
Rica (BCCR) - Central
Bank on Wednesday.
The dollar closed
yesterday at a buy of
˘556 colones, keeping
close to the ˘555 buy
ceiling the Central Bank
set on Wednesday, down
from the previous
ceiling of ˘572.
The sell rate hovered
around the ˘544 at most
banks.
The Central Bank's
intervention means that
the exchange rate cannot
change more than ˘0.6
colones per day, putting
the brakes on a runaway
exchange rate that saw a
single day change of ˘18
colones on Tuesday.
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